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Stine Jacobsen

Wind turbine maker Vestas sees 2020 sales rising after busiest year ever

05 Feb 2020

COPENHAGEN Vestas, in the midst of its busiest period on record, said on Wednesday sales would continue to rise this year driven by healthy demand for its wind turbines.

Danish pension provider ATP to halt fossil fuel investments via external funds

04 Feb 2020

COPENHAGEN Denmark's ATP, one of Europe's biggest pension funds, will stop putting money in external funds that hold fossil fuel investments, a senior executive said, but will not exit oil and gas completely.

Jeweler Pandora says China business at a 'standstill'

04 Feb 2020

COPENHAGEN Pandora's business in China has ground to a halt, the jewelry maker and retailer said on Tuesday, as a new flu-like virus forced the company to shut around a third of its stores in one of its top markets and shoppers stay at home.

Denmark plans $30 billion offshore wind island that could power 10 million homes

10 Dec 2019

COPENHAGEN Denmark is moving forward with plans to build an artificial island tying in power from offshore wind farms of up to 10 gigawatts (GW) of capacity, more than enough to supply all households, as part of efforts to meet ambitious climate change targets.

Poland's PGE, Denmark's Orsted aim to sign offshore wind deal by year-end

26 Nov 2019

COPENHAGEN Polish energy group PGE is close to signing a deal to sell 50% stakes in two planned offshore wind projects in the Baltic Sea to Denmark's Orsted, the companies said on Tuesday.

Maersk keeps down costs with uncertain container traffic outlook

15 Nov 2019

COPENHAGEN A.P. Moller-Maersk said on Friday prospects for a pick-up in demand for seaborne container traffic were clouded by an uncertain economic outlook but the shipping group's focus on driving down costs helped its shares higher.

Jeweller Pandora's bid to regain shine hit by weak consumer demand, Hong Kong unrest

05 Nov 2019

COPENHAGEN Attempts to turn around struggling jewellery maker Pandora by new CEO Alexander Lacik are being hampered by subdued consumer spending in key markets such as the United States and mainland China and political unrest in Hong Kong. | Video

Nord Stream 2 clears major hurdle as Denmark OKs gas pipeline

30 Oct 2019

COPENHAGEN/BUDAPEST Denmark on Wednesday gave the go-ahead to the Nord Stream 2 gas pipeline, removing the last major hurdle to completion of the Russian-led project that has divided opinion in the European Union.

Trio of buyers rescues Thomas Cook's Nordic business

30 Oct 2019

STOCKHOLM/COPENHAGEN Norwegian property tycoon Petter Stordalen and private equity firms Altor and TDR Capital have agreed to buy the Nordic business of collapsed British travel company Thomas Cook.

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